Bitcoin has risen above Facebook’s parent company Meta to become the world’s ninth most valuable asset by market cap.
Meta has experienced a disastrous aftermath to its Q4 earnings report over the last few days with a shares sell-off that saw some 25 per cent knocked off its value.
The downward movement means BTC’s market cap of $784bn currently outstrips Meta’s $677bn. Bitcoin has also risen above American multinational Berkshire Hathaway on $705bn, but is still some way off catching Tesla in eighth position with a market cap of $943bn.
